Which of the following are factors of production for a typical college?

Question

Quizplus · Accepted Answer

Factors of production refer to the resources used to produce goods or services. Sporting event tickets, tuition, and parking fees are not considered factors of production. However, the library can be seen as a factor of production for a college as it provides resources (such as books, journals, and other research materials) that are used in the production of education.

Which of the Following Are Factors of Production for a Typical